Philippines Foodservice Market Size
Icons | Lable | Value |
---|---|---|
Study Period | 2017 - 2029 | |
Market Size (2024) | USD 16.12 Billion | |
Market Size (2029) | USD 31.47 Billion | |
Largest Share by Foodservice Type | Quick Service Restaurants | |
CAGR (2024 - 2029) | 14.32 % | |
Fastest Growing by Foodservice Type | Cloud Kitchen | |
Market Concentration | Low | |
Major Players |
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*Disclaimer: Major Players sorted in alphabetical order. |
Philippines Foodservice Market Analysis
The Philippines Foodservice Market size is estimated at 16.12 billion USD in 2024, and is expected to reach 31.47 billion USD by 2029, growing at a CAGR of 14.32% during the forecast period (2024-2029).
16.12 Billion
Market Size in 2024 (USD)
31.47 Billion
Market Size in 2029 (USD)
3.31 %
CAGR (2017-2023)
14.32 %
CAGR (2024-2029)
Largest Segment by Foodservice Type
57.63 %
value share, Quick Service Restaurants, 2023
With 50% of the population eating fast food, like burgers and pizzas, at least twice a week and 25% ordering in, online orders are driving the growth in market share of the segment.
Largest Segment by Outlet Type
74.69 %
value share, Independent Outlets, 2023
With an average annual consumption of 3.24 kg of coffee and an expenditure of USD 44 on out-of-home coffee, consumption is driving the growth of independent café outlets.
Fastest-growing segment by Foodservice Type
25.83 %
Projected CAGR, Cloud Kitchen, 2024-2029
By 2021, online food orders were expected to reach 21 million, and more than 1,000 restaurants are using the service; cloud kitchens are gaining popularity in the Philippines.
Fastest-growing segment by Outlet Type
14.43 %
Projected CAGR, Chained Outlets, 2024-2029
QSR chains, such as McDonald's and Jollibee, and local franchises dominate the market, which is primarily driven by the segment's high meat consumption of 29 kg per year.
Leading Market Player
4.19 %
market share, Jollibee Foods Corporation, 2022
The firm runs 17 brands around the nation, including both franchised and company-owned stores, and has prioritized investing hugely in expansion across the nation.
Quick service restaurants held a dominating share in the market owing expansion of franchise outlets and menu innovations
- Quick service restaurants held the largest market share in 2022. The segment is expected to register a CAGR of 15.78% by value during the forecast period. The growth can be attributed to the constant increase in the preference for fast food in the country, which has led to several product launches. Some of the popular quick service restaurants in the Philippines are Jollibee, McDonald’s, Chowking, Greenwich Pizza, and KFC.
- FSRs in the country observed significant growth of 60.64% in sales value from 2020 to 2022. The growth can be attributed to the introduction of vegan, low-sugar, and gluten-free options to traditional Asian dishes by restaurants, owing to the demand for nutritional diets, especially post-pandemic. Asian cuisine, under the FSR segment, held the largest share of the market in 2022, with 42.92%. There is high demand for Japanese cuisines, such as sushi, sashimi, ramen, and donburi, in the country.
- The cloud kitchen segment is the fastest growing among all others and is anticipated to register a CAGR of 26.06% by value during the forecast period. The growth is expected to be aided by increasing online food deliveries through smartphone applications led by platform-to-consumer services, such as Grabfood, Foodpanda, and Pick-A-Roo. The subscriptions to food delivery services, like Grab Food and Foodpanda, increased by 61% in the Philippines in 2020 compared to the previous year. The integration of digital technology enables food delivery services to efficiently accommodate the high volume of orders, which is expected to boost the growth of the segment.
Philippines Foodservice Market Trends
Philippines' quick service restaurants (QSR) dominate foodservice industry with strong growth potential
- Foodservice outlets in the Philippines are dominated by quick service restaurants; they are expected to register a CAGR of 5.79% by value during the forecast period. Despite the pandemic's effects and increased internal competition, QSR chains in the Philippines have been expanding. Large-scale operators have the opportunity to diversify their customer base into new areas owing to global demand and globalization potential. Jollibee and McDonald's are among the popular QSR chains, with 1,184 and 700 outlets, respectively, in the Philippines as of 2022.
- The number of cafes and bars in the Philippines grew by around 14.03% from 2020 to 2022. Coffee consumers in the Philippines are increasingly looking for higher-quality and sustainably produced coffees. Coffee is among the most popular beverages in the Philippines. In 2021, around eight in 10 adults consumed an average of 2.5 cups per day. Overall, people consumed the equivalent of 3.05 kilograms of coffee per person in 2021.
- Cloud kitchen outlets are the fastest growing, and they are expected to register a CAGR of 16.76% during the forecast period. One of the primary drivers of the cloud kitchen market in the Philippines is the growing demand for online food delivery services like Grabfood, Foodpanda, and Pick-a-Roo. Prominent local companies like Kraver's Canteen plan to expand, adding 100 cloud kitchens, in important cities like Cebu, Cagayan de Oro, Iloilo, and Davao. Major brands under Bench Group and Foodee are adopting cloud kitchen options. Cloud kitchens' use of customer feedback technology has been quite successful in the country. With the growth and integration of technology, food ordering and consumption have undergone significant changes, which is expected to propel the segment's growth in the future.
Philippines' full service restaurants lead the way with popular Asian dishes like pancit, kalderta, and kare-kare
- In the Philippines, full-service restaurants recorded the highest average order value in 2022, with a price of USD 10.7, compared to other foodservice types. The average order value through FSR increased by a CAGR of 3.86% during the study period, owing primarily to the popularity of Asian cuisine, which accounted for a market share of 42.92% in 2022. The demand is expected to increase due to the increase in tourism, as tourists prefer to explore the local Asian cuisine. Popular dishes offered by FSRs include Pancit, Kalderta, and Kare Kare; their average price is USD 9.75, USD 6.4, and USD 3.86 per 300 grams, respectively.
- The fast-food industry has been one of the fastest growing over the past decade in the country. This is attributed to the rapid expansions of chained QSRs, such as Jollibee, McDonald's, Chowking, and Greenwich Pizza, in the country. The most popular fast-food dishes offered through QSRs in the Philippines are burgers, spaghetti, and pizza; they were priced at an average of USD 5.6 per 300 grams in 2022.
- Cloud kitchens in the country are expanding owing to increased investments due to their growth potential. For instance, in 2021, Cloud Eats raised a USD 7 million Series led by Nordstar to accelerate the digitization of foodservice in Southeast Asia. Similarly, Kitchen City raised USD 2 million in a pre-Series funding round. Kitchen City, CloudEats, and REEF Kitchens are among the known cloud kitchen brands in the Philippines. These brands offer a variety of cuisines, working with both established restaurant brands and startups. Popular dishes offered by cloud kitchens in the Philippines are pasta and noodles, priced at an average of USD 3.2 per 300 grams.
Philippines Foodservice Industry Overview
The Philippines Foodservice Market is fragmented, with the top five companies occupying 6.91%. The major players in this market are Golden Arches Development Corporation, Jollibee Foods Corporation, Seven & I Holdings Co., Ltd., Starbucks Corporation and Yum! Brands, Inc. (sorted alphabetically).
Philippines Foodservice Market Leaders
Golden Arches Development Corporation
Jollibee Foods Corporation
Seven & I Holdings Co., Ltd.
Starbucks Corporation
Yum! Brands, Inc.
Other important companies include Berjaya Corporation Bhd., Bounty Agro Ventures, Inc., Domino's Pizza Inc., Inspire Brands, Inc., Mary Grace Foods Inc., Maxs Group Inc., Restaurant Brands International Inc., Shakey's Pizza Asia Ventures, Inc., The Figaro Group, Udenna Group.
*Disclaimer: Major Players sorted in alphabetical order.
Philippines Foodservice Market News
- October 2023: Starbucks launched two new drinks with the addition of ice cream in the Philippines.
- May 2023: Inspire Brands, Inc. launched new butter variants to its Butternut portfolio. These variants include the Plain Butternut, Choco Almond Butternut, Ube Cheese Butternut, Strawberry Butternut, Cheesy Butternut, and Choco Butternut.
- April 2023: The Figaro Coffee Group increased its brand portfolio and launched a new café concept brand called Cafe Portofino.
Free with this Report
We provide a complimentary and exhaustive set of data points on regional and country level metrics that present the fundamental structure of the industry. Presented in the form of 60+ free charts, the section covers difficult to find data on various countries on number of outlets, average order values, and menu analysis by foodservice channels, cuisine specific insights related to full service restaurants and quick service restaurants, market trends and market size insights on cafes, bars & pubs, juice/smoothies bars, specialty tea and coffee shops, and cloud kitchen etc.
Philippines Foodservice Market Report - Table of Contents
EXECUTIVE SUMMARY & KEY FINDINGS
REPORT OFFERS
1. INTRODUCTION
1.1. Study Assumptions & Market Definition
1.2. Scope of the Study​
1.3. Research Methodology
2. KEY INDUSTRY TRENDS
2.1. Number Of Outlets
2.2. Average Order Value
2.3. Regulatory Framework
2.3.1. Philippines
2.4. Menu Analysis
3. MARKET SEGMENTATION (includes market size in Value in USD, Forecasts up to 2029 and analysis of growth prospects)
3.1. Foodservice Type
3.1.1. Cafes & Bars
3.1.1.1. By Cuisine
3.1.1.1.1. Bars & Pubs
3.1.1.1.2. Cafes
3.1.1.1.3. Juice/Smoothie/Desserts Bars
3.1.1.1.4. Specialist Coffee & Tea Shops
3.1.2. Cloud Kitchen
3.1.3. Full Service Restaurants
3.1.3.1. By Cuisine
3.1.3.1.1. Asian
3.1.3.1.2. European
3.1.3.1.3. Latin American
3.1.3.1.4. Middle Eastern
3.1.3.1.5. North American
3.1.3.1.6. Other FSR Cuisines
3.1.4. Quick Service Restaurants
3.1.4.1. By Cuisine
3.1.4.1.1. Bakeries
3.1.4.1.2. Burger
3.1.4.1.3. Ice Cream
3.1.4.1.4. Meat-based Cuisines
3.1.4.1.5. Pizza
3.1.4.1.6. Other QSR Cuisines
3.2. Outlet
3.2.1. Chained Outlets
3.2.2. Independent Outlets
3.3. Location
3.3.1. Leisure
3.3.2. Lodging
3.3.3. Retail
3.3.4. Standalone
3.3.5. Travel
4. COMPETITIVE LANDSCAPE
4.1. Key Strategic Moves
4.2. Market Share Analysis
4.3. Company Landscape
4.4. Company Profiles (includes Global Level Overview, Market Level Overview, Core Business Segments, Financials, Headcount, Key Information, Market Rank, Market Share, Products and Services, and Analysis of Recent Developments).
4.4.1. Berjaya Corporation Bhd.
4.4.2. Bounty Agro Ventures, Inc.
4.4.3. Domino's Pizza Inc.
4.4.4. Golden Arches Development Corporation
4.4.5. Inspire Brands, Inc.
4.4.6. Jollibee Foods Corporation
4.4.7. Mary Grace Foods Inc.
4.4.8. Maxs Group Inc.
4.4.9. Restaurant Brands International Inc.
4.4.10. Seven & I Holdings Co., Ltd.
4.4.11. Shakey's Pizza Asia Ventures, Inc.
4.4.12. Starbucks Corporation
4.4.13. The Figaro Group
4.4.14. Udenna Group
4.4.15. Yum! Brands, Inc.
5. KEY STRATEGIC QUESTIONS FOR FOODSERVICE CEOS
6. APPENDIX
6.1. Global Overview
6.1.1. Overview
6.1.2. Porter’s Five Forces Framework
6.1.3. Global Value Chain Analysis
6.1.4. Market Dynamics (DROs)
6.2. Sources & References
6.3. List of Tables & Figures
6.4. Primary Insights
6.5. Data Pack
6.6. Glossary of Terms
List of Tables & Figures
- Figure 1:
- NUMBER OF OUTLET UNITS BY FOODSERVICE CHANNELS, PHILIPPINES, 2017 - 2029
- Figure 2:
- AVERAGE ORDER VALUE BY FOODSERVICE CHANNELS, USD, PHILIPPINES, 2017 VS 2022 VS 2029
- Figure 3:
- PHILIPPINES FOODSERVICE MARKET, VALUE, USD, 2017 - 2029
- Figure 4:
- VALUE OF FOODSERVICE MARKET BY FOODSERVICE TYPE, USD, PHILIPPINES, 2017 - 2029
- Figure 5:
- VALUE SHARE OF FOODSERVICE MARKET, %, BY FOODSERVICE TYPE, PHILIPPINES, 2017 VS 2023 VS 2029
- Figure 6:
- VALUE OF CAFES & BARS FOODSERVICE MARKET BY CUISINE, USD, PHILIPPINES, 2017 - 2029
- Figure 7:
- VALUE SHARE OF CAFES & BARS FOODSERVICE MARKET BY CUISINE, %, PHILIPPINES, 2017 VS 2023 VS 2029
- Figure 8:
- VALUE OF FOODSERVICE MARKET VIA BARS & PUBS, USD, PHILIPPINES, 2017 - 2029
- Figure 9:
- VALUE SHARE OF BARS & PUBS FOODSERVICE MARKET BY OUTLETS, %, PHILIPPINES, 2022 VS 2029
- Figure 10:
- VALUE OF FOODSERVICE MARKET VIA CAFES, USD, PHILIPPINES, 2017 - 2029
- Figure 11:
- VALUE SHARE OF CAFES FOODSERVICE MARKET BY OUTLETS, %, PHILIPPINES, 2022 VS 2029
- Figure 12:
- VALUE OF FOODSERVICE MARKET VIA JUICE/SMOOTHIE/DESSERTS BARS, USD, PHILIPPINES, 2017 - 2029
- Figure 13:
- VALUE SHARE OF JUICE/SMOOTHIE/DESSERTS BARS FOODSERVICE MARKET BY OUTLETS, %, PHILIPPINES, 2022 VS 2029
- Figure 14:
- VALUE OF FOODSERVICE MARKET VIA SPECIALIST COFFEE & TEA SHOPS, USD, PHILIPPINES, 2017 - 2029
- Figure 15:
- VALUE SHARE OF SPECIALIST COFFEE & TEA SHOPS FOODSERVICE MARKET BY OUTLETS, %, PHILIPPINES, 2022 VS 2029
- Figure 16:
- VALUE OF CLOUD KITCHEN FOODSERVICE MARKET, USD, PHILIPPINES, 2017 - 2029
- Figure 17:
- VALUE SHARE OF CLOUD KITCHEN FOODSERVICE MARKET BY OUTLETS, %, PHILIPPINES, 2022 VS 2029
- Figure 18:
- VALUE OF FULL SERVICE RESTAURANTS FOODSERVICE MARKET BY CUISINE, USD, PHILIPPINES, 2017 - 2029
- Figure 19:
- VALUE SHARE OF FULL SERVICE RESTAURANTS FOODSERVICE MARKET BY CUISINE, %, PHILIPPINES, 2017 VS 2023 VS 2029
- Figure 20:
- VALUE OF ASIAN FOODSERVICE MARKET, USD, PHILIPPINES, 2017 - 2029
- Figure 21:
- VALUE SHARE OF ASIAN FOODSERVICE MARKET BY OUTLETS, %, PHILIPPINES, 2022 VS 2029
- Figure 22:
- VALUE OF EUROPEAN FOODSERVICE MARKET, USD, PHILIPPINES, 2017 - 2029
- Figure 23:
- VALUE SHARE OF EUROPEAN FOODSERVICE MARKET BY OUTLETS, %, PHILIPPINES, 2022 VS 2029
- Figure 24:
- VALUE OF LATIN AMERICAN FOODSERVICE MARKET, USD, PHILIPPINES, 2017 - 2029
- Figure 25:
- VALUE SHARE OF LATIN AMERICAN FOODSERVICE MARKET BY OUTLETS, %, PHILIPPINES, 2022 VS 2029
- Figure 26:
- VALUE OF MIDDLE EASTERN FOODSERVICE MARKET, USD, PHILIPPINES, 2017 - 2029
- Figure 27:
- VALUE SHARE OF MIDDLE EASTERN FOODSERVICE MARKET BY OUTLETS, %, PHILIPPINES, 2022 VS 2029
- Figure 28:
- VALUE OF NORTH AMERICAN FOODSERVICE MARKET, USD, PHILIPPINES, 2017 - 2029
- Figure 29:
- VALUE SHARE OF NORTH AMERICAN FOODSERVICE MARKET BY OUTLETS, %, PHILIPPINES, 2022 VS 2029
- Figure 30:
- VALUE OF OTHER FSR CUISINES MARKET, USD, PHILIPPINES, 2017 - 2029
- Figure 31:
- VALUE SHARE OF OTHER FSR CUISINES FOODSERVICE MARKET BY OUTLETS, %, PHILIPPINES, 2022 VS 2029
- Figure 32:
- VALUE OF QUICK SERVICE RESTAURANTS FOODSERVICE MARKET BY CUISINE, USD, PHILIPPINES, 2017 - 2029
- Figure 33:
- VALUE SHARE OF QUICK SERVICE RESTAURANTS FOODSERVICE MARKET BY CUISINE, %, PHILIPPINES, 2017 VS 2023 VS 2029
- Figure 34:
- VALUE OF BAKERIES FOODSERVICE MARKET, USD, PHILIPPINES, 2017 - 2029
- Figure 35:
- VALUE SHARE OF BAKERIES FOODSERVICE MARKET BY OUTLETS, %, PHILIPPINES, 2022 VS 2029
- Figure 36:
- VALUE OF BURGER FOODSERVICE MARKET, USD, PHILIPPINES, 2017 - 2029
- Figure 37:
- VALUE SHARE OF BURGER FOODSERVICE MARKET BY OUTLETS, %, PHILIPPINES, 2022 VS 2029
- Figure 38:
- VALUE OF ICE CREAM FOODSERVICE MARKET, USD, PHILIPPINES, 2017 - 2029
- Figure 39:
- VALUE SHARE OF ICE CREAM FOODSERVICE MARKET BY OUTLETS, %, PHILIPPINES, 2022 VS 2029
- Figure 40:
- VALUE OF MEAT-BASED CUISINES FOODSERVICE MARKET, USD, PHILIPPINES, 2017 - 2029
- Figure 41:
- VALUE SHARE OF MEAT-BASED CUISINES FOODSERVICE MARKET BY OUTLETS, %, PHILIPPINES, 2022 VS 2029
- Figure 42:
- VALUE OF PIZZA FOODSERVICE MARKET, USD, PHILIPPINES, 2017 - 2029
- Figure 43:
- VALUE SHARE OF PIZZA FOODSERVICE MARKET BY OUTLETS, %, PHILIPPINES, 2022 VS 2029
- Figure 44:
- VALUE OF OTHER QSR CUISINES FOODSERVICE MARKET, USD, PHILIPPINES, 2017 - 2029
- Figure 45:
- VALUE SHARE OF OTHER QSR CUISINES FOODSERVICE MARKET BY OUTLETS, %, PHILIPPINES, 2022 VS 2029
- Figure 46:
- VALUE OF FOODSERVICE MARKET BY OUTLET, USD, PHILIPPINES, 2017 - 2029
- Figure 47:
- VALUE SHARE OF FOODSERVICE MARKET, %, BY OUTLET, PHILIPPINES, 2017 VS 2023 VS 2029
- Figure 48:
- VALUE OF FOODSERVICE MARKET VIA CHAINED OUTLETS, USD, PHILIPPINES, 2017 - 2029
- Figure 49:
- VALUE SHARE OF CHAINED OUTLETS FOODSERVICE MARKET BY FOODSERVICE TYPE, %, PHILIPPINES, 2022 VS 2029
- Figure 50:
- VALUE OF FOODSERVICE MARKET VIA INDEPENDENT OUTLETS, USD, PHILIPPINES, 2017 - 2029
- Figure 51:
- VALUE SHARE OF INDEPENDENT OUTLETS FOODSERVICE MARKET BY FOODSERVICE TYPE, %, PHILIPPINES, 2022 VS 2029
- Figure 52:
- VALUE OF FOODSERVICE MARKET BY LOCATION, USD, PHILIPPINES, 2017 - 2029
- Figure 53:
- VALUE SHARE OF FOODSERVICE MARKET, %, BY LOCATION, PHILIPPINES, 2017 VS 2023 VS 2029
- Figure 54:
- VALUE OF FOODSERVICE MARKET VIA LEISURE LOCATION, USD, PHILIPPINES, 2017 - 2029
- Figure 55:
- VALUE SHARE OF LEISURE FOODSERVICE MARKET BY FOODSERVICE TYPE, %, PHILIPPINES, 2022 VS 2029
- Figure 56:
- VALUE OF FOODSERVICE MARKET VIA LODGING LOCATION, USD, PHILIPPINES, 2017 - 2029
- Figure 57:
- VALUE SHARE OF LODGING FOODSERVICE MARKET BY FOODSERVICE TYPE, %, PHILIPPINES, 2022 VS 2029
- Figure 58:
- VALUE OF FOODSERVICE MARKET VIA RETAIL LOCATION, USD, PHILIPPINES, 2017 - 2029
- Figure 59:
- VALUE SHARE OF RETAIL FOODSERVICE MARKET BY FOODSERVICE TYPE, %, PHILIPPINES, 2022 VS 2029
- Figure 60:
- VALUE OF FOODSERVICE MARKET VIA STANDALONE LOCATION, USD, PHILIPPINES, 2017 - 2029
- Figure 61:
- VALUE SHARE OF STANDALONE FOODSERVICE MARKET BY FOODSERVICE TYPE, %, PHILIPPINES, 2022 VS 2029
- Figure 62:
- VALUE OF FOODSERVICE MARKET VIA TRAVEL LOCATION, USD, PHILIPPINES, 2017 - 2029
- Figure 63:
- VALUE SHARE OF TRAVEL FOODSERVICE MARKET BY FOODSERVICE TYPE, %, PHILIPPINES, 2022 VS 2029
- Figure 64:
- MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, COUNT, PHILIPPINES, 2019 - 2023
- Figure 65:
- MOST ADOPTED STRATEGIES, COUNT, PHILIPPINES, 2019 - 2023
- Figure 66:
- VALUE SHARE OF MAJOR PLAYERS, %, PHILIPPINES, 2022
Philippines Foodservice Industry Segmentation
Cafes & Bars, Cloud Kitchen, Full Service Restaurants, Quick Service Restaurants are covered as segments by Foodservice Type. Chained Outlets, Independent Outlets are covered as segments by Outlet. Leisure, Lodging, Retail, Standalone, Travel are covered as segments by Location.
- Quick service restaurants held the largest market share in 2022. The segment is expected to register a CAGR of 15.78% by value during the forecast period. The growth can be attributed to the constant increase in the preference for fast food in the country, which has led to several product launches. Some of the popular quick service restaurants in the Philippines are Jollibee, McDonald’s, Chowking, Greenwich Pizza, and KFC.
- FSRs in the country observed significant growth of 60.64% in sales value from 2020 to 2022. The growth can be attributed to the introduction of vegan, low-sugar, and gluten-free options to traditional Asian dishes by restaurants, owing to the demand for nutritional diets, especially post-pandemic. Asian cuisine, under the FSR segment, held the largest share of the market in 2022, with 42.92%. There is high demand for Japanese cuisines, such as sushi, sashimi, ramen, and donburi, in the country.
- The cloud kitchen segment is the fastest growing among all others and is anticipated to register a CAGR of 26.06% by value during the forecast period. The growth is expected to be aided by increasing online food deliveries through smartphone applications led by platform-to-consumer services, such as Grabfood, Foodpanda, and Pick-A-Roo. The subscriptions to food delivery services, like Grab Food and Foodpanda, increased by 61% in the Philippines in 2020 compared to the previous year. The integration of digital technology enables food delivery services to efficiently accommodate the high volume of orders, which is expected to boost the growth of the segment.
Foodservice Type | ||||||||||
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Cloud Kitchen | ||||||||||
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Outlet | |
Chained Outlets | |
Independent Outlets |
Location | |
Leisure | |
Lodging | |
Retail | |
Standalone | |
Travel |
Market Definition
- FULL-SERVICE RESTAURANTS - A foodservice establishment where customers are seated at a table, give their order to a server and are served food at a table.
- QUICK SERVICE RESTAURANTS - A foodservice establishment that provides customers convenience, speed, and food offerings at lower prices. Customers usually help themselves and carry their own food to their tables.
- CAFES & BARS - A type of foodservice business that include bars and pubs that are licensed to serve alcoholic drinks for consumption, cafes that serve refreshments and light food items, as well as specialty tea and coffee shops, dessert bars, smoothie bars, and juice bars.
- CLOUD KITCHEN - A foodservice business that utilizes a commercial kitchen for the purpose of preparing food for delivery or takeout only, with no dine-in customers.
Keyword | Definition |
---|---|
Albacore Tuna | It is one of the smallest species of tuna found in the six distinct stocks known globally in the Atlantic, Pacific, and Indian oceans, as well as the Mediterranean Sea. |
Angus beef | It is beef derived from a specific breed of cattle indigenous to Scotland. It requires certification from the American Angus Association to receive the "Certified Angus Beef" quality mark. |
Asian cuisine | It includes full-service offerings in restaurants that serve cuisines from cultures such as Chinese, Indian, Korean, Japanese, Bengali, Southeast Asian, etc. |
Average Order Value | It is the average value of all orders made by the customers at a foodservice establishment. |
Bacon | It is salted or smoked meat that comes from the back or sides of a pig. |
Bars & Pubs | It is a drinking establishment that is licensed to serve alcoholic drinks for consumption on the premises. |
Black Angus | It is beef derived from a black-hided breed of cows that don't have horns. |
BRC | British Retail Consortium |
Burger | It is a sandwich consisting of one or more cooked beef patties, placed inside a sliced bread roll or bun roll. |
°ä²¹´Úé | It is a foodservice establishment serving various refreshments (mainly coffee) and light meals. |
Cafes & Bars | It is a type of foodservice business that include bars and pubs that are licensed to serve alcoholic drinks for consumption, cafes that serve refreshments and light food items, as well as specialty tea and coffee shops, dessert bars, smoothie bars, and juice bars. |
Cappuccino | It is an Italian coffee drink that is traditionally prepared with equal parts double espresso, steamed milk, and steamed milk foam. |
CFIA | Canadian Food Inspection Agency |
Chained Outlet | It refers to a foodservice establishment that shares brands, operates in several locations, has central management, and standardized business practices. |
Chicken Tender | It refers to chicken meat prepared from the pectoralis minor muscles of a chicken bird. |
Cloud Kitchen | It is a foodservice business that utilizes a commercial kitchen for the purpose of preparing food for delivery or takeout only, with no dine-in customers. |
Cocktail | It is an alcoholic mixed drink made with either a single spirit or a combination of spirits, mixed with other ingredients such as juices, flavored syrups, tonic water, shrubs, and bitters. |
Edamame | It is a Japanese dish prepared with soybeans (harvested before they ripen or harden) and cooked in its pod. |
EFSA | European Food Safety Authority |
ERS | Economic Research Service of the USDA |
Espresso | It is a concentrated form of coffee, served in shots. |
European cuisine | It includes full-service offerings in restaurants that serve cuisines from cultures such as Italian, French, German, English, Dutch, Danish, etc. |
FDA | Food and Drug Administration |
Fillet Mignon | It is a cut of meat taken from the smaller end of the tenderloin. |
Flank Steak | It is a cut of beef steak taken from the flank, which lies forward of the rear quarter of a cow. |
Foodservice | It refers to the part of the food industry which includes businesses, institutions, and companies which prepare meals outside the home. It includes restaurants, school and hospital cafeterias, catering operations, and many other formats. |
Franks | Also known as frankfurter or Würstchen, it is a type of highly seasoned smoked sausage popular in Austria and Germany. |
FSANZ | Food Standards Australia New Zealand |
FSIS | Food Safety and Inspection Service |
FSSAI | Food Safety and Standards Authority of India |
Full service restaurant | It refers to a foodservice establishment where customers are seated at a table, give their order to a server, and are served food at a table. |
Ghost Kitchen | It refers to a cloud kitchen. |
GLA | Gross Leasable Area |
Gluten | It is a family of proteins found in grains, including wheat, rye, spelt, and barley. |
Grain-fed beef | It is beef derived from cattle that have been fed a diet supplemented with soy and corn and other additives. Grain-fed cows can also be given antibiotics and growth hormones to fatten them up more quickly. |
Grass-fed beef | It is beef derived from cattle that have only been fed grass as feed. |
Ham | It refers to the pork meat taken from the leg of a pig. |
HoReCa | Hotels, Restaurants and Cafes |
Independent Outlet | It refers to a foodservice establishment that operates with a single outlet or is structured as a small chain with no more than three locations. |
Juice | It is a drink made from the extraction or pressing of the natural liquid contained in fruit and vegetables. |
Latin American | It includes full-service offerings in restaurants that serve cuisines from cultures such as Mexican, Brazilian, Argentinian, Colombian, etc. |
Latte | It is a milk-based coffee that is made up of one or two shots of espresso, steamed milk, and a thin layer of frothed milk. |
Leisure | It refers to foodservice offered as a part of a recreation business, such as sports arenas, zoos, movie theaters, and museums. |
Lodging | It refers to foodservice offerings at hotels, motels, guesthouses, holiday homes, etc. |
Macchiato | It is an espresso coffee drink with a small amount of milk, usually foamed. |
Meat-based cuisines | This inlcudes food items like fried chicken, steak, ribs, etc. where meat is the primary ingredient for the dish. |
Middle Eastern cuisine | It includes full-service offerings in restaurants that serve cuisines from cultures such as Arabic, Lebanese, Iranian, Israeli, etc. |
Mocktail | It is an non-alcoholic mixed drink. |
Mortadella | It is a large Italian sausage or luncheon meat made of finely hashed or ground heat-cured pork, which incorporates at least 15% small cubes of pork fat. |
North American | It includes full-service offerings in restaurants that serve cuisines from cultures such as American, Canadian, Caribbean, etc. |
Pastrami | It refers to a highly seasoned smoked beef, typically served in thin slices. |
PDO | Protected Designation of Origin: It is the name of a geographical region or specific area that is recognized by official rules to produce certain foods with special characteristics related to location. |
Pepperoni | It is an American variety of spicy salami made from cured meat. |
Pizza | It is a dish made typically of flattened bread dough spread with a savory mixture usually including tomatoes and cheese and often other toppings and baked. |
Primal cuts | It refers to the major sections of the carcass. |
Quick service restaurant | It refers to a foodservice establishment that provides customers convenience, speed, and food offerings at lower prices. Customers usually help themselves and carry their own food to their tables. |
Retail | It refers to a foodservice outlet inside a mall. shopping complex or a commercial real estate building, where there are other businesses operating as well. |
Salami | It is a cured sausage consisting of fermented and air-dried meat. |
Saturated fat | It is a type of fat in which the fatty acid chains have all single bonds. It is generally considered unhealthy. |
Sausage | It is a meat product made of finely chopped and seasoned meat, which may be fresh, smoked, or pickled and which is then usually stuffed into a casing. |
Scallop | It is an edible shellfish that is a mollusk with a ribbed shell in two parts. |
Seitan | It is a plant-based meat substitute made out of wheat gluten. |
Self-service kiosk | It refers to a self-order point-of-sale (POS) system through which customers place and pay for their own orders at kiosks, enabling totally contactless and frictionless service. |
Smoothie | It is a beverage made by placing all the ingredients in a container and processing them together, without removing the pulp. |
Specialty coffee & tea shops | It refers to a foodservice establishment that serves only various types of tea or coffee. |
Standalone | It refers to a restaurants that have an independent infrastructure setup and not connected to any other business. |
Sushi | It is a Japanese dish of prepared vinegared rice, usually with some sugar and salt, accompanied by a variety of ingredients, such as seafood—often raw—and vegetables. |
Travel | It refers to foodservice offerings such as airplane food, dining on long-distance trains, and foodservice on cruise ships. |
Virtual Kitchen | It refers to a cloud kitchen. |
Wagyu Beef | It is beef derived from any of four strains of a breed of black or red Japanese cattle that are valued for their highly marbled meat. |
Research Methodology
ÌÇÐÄvlog´«Ã½ follows a four-step methodology in all our reports.
- Step-1: Identify Key Variables: In order to build a robust forecasting methodology, the variables and factors identified in Step 1 are tested against available historical market numbers. Through an iterative process, the variables required for the market forecast are set, and the model is built on the basis of these variables.
- Step-2: Build a Market Model: Market size estimations for the forecast years are in nominal terms. Inflation is considered for average order value, and it is forecasted as per predicted inflation rates in the countries.
- Step-3: Validate and Finalize: In this important step, all market numbers, variables, and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
- Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms